New Delhi, Oct. 14 -- Mobile gaming studio Spill Games, spacetech startup OXG Space, pre-owned goods marketplace Circle, RocketPay, RevRag AI and three other startups have raised early-stage funding from various venture capital firms and angel investors.

Spill Games

The AI-led mobile gaming studio has secured $10.5 million (about Rs 100 crore) in a Series A round led by Elevation Capital, with participation from existing investors Centre Court Capital and Peer Capital.

The company plans to deploy the fresh capital towards launching new games, portfolio expansion, user acquisition, technology and AI capabilities, and hiring.

The startup was set up in 2024 by former PlaySimple Games operators Om Misra, Tapan Ranjan and Harsh Garg. It is building free-to-play casual, puzzle and hybrid-casual games for global audiences.

The company says it takes a systems-driven approach to game development that combines AI, proprietary technology, data and rapid experimentation to help a small team move from game concepts to market validation and global scaling faster.

Circle

Circle, a managed customer-to-customer (C2C) marketplace for pre-owned goods, has raised Rs 25 crore in seed funding. Nexus Venture Partners led the round, the startup said in a statement.

Existing investors Titan Capital and Raveen Sastry, co-founder of Myntra, pitched in again while Ajith Pai, COO of Delhivery, joined the round as an angel investor.

Circle said the funding will accelerate its expansion beyond Bengaluru. It will invest in AI-powered pricing, discovery and verification to simplify listing, improve the customer experience and scale efficiently, alongside expanding its so-called Trust Hubs and logistics network.

Circle was founded in 2025 by Chirag Kataruka and Ankit Misra. Kataruka previously held leadership roles at Mu Sigma and Swvl while Misra was a product leader at Jupiter Money and previously founded Chase. At Circle, Misra drives product, growth and business, while Kataruka leads operations, customer experience and strategy.

OXG Space

OXG Space, a Bengaluru-based spacetech startup, has raised Rs 17 crore in a new round led by Aum Ventures from its India Innovation Fund II.

The round also saw participation from Pawan Kumar Chandana and Bharath Daka, co-founders of Skyroot Aerospace, and Dr. Chiran Phanindra, founder of Cosmoserve.

The startup is building edge cell towers in space for Earth-observation (EO) satellites. Its orbital network combines 5G non-terrestrial network-inspired connectivity with in-orbit computing so that EO data can be relayed, processed and fused in space and delivered to the ground as intelligence in near-real time. It was set up by former ISRO engineers Akash Shetty and Sanjay Gorur.

OXG Space will use the capital to support Mission Synapse, its 12-month programme to demonstrate its core technologies in orbit.

RocketPay

RocketPay, a digital collections infrastructure platform, has secured Rs 10 crore in a funding round led by Sandeep Jain, who is the co-founder of Tradeswift, a stock broking firm.

The round also saw participation from Inflection Point Ventures, LetsVenture, Launch Capital, AVNM Ventures and Navyug Global Ventures, alongside existing investor All In Capital.

"This fundraise marks an important transition for RocketPay from building technology that helps lenders collect more efficiently to building infrastructure that can support the entire recovery lifecycle of financed assets. Our goal is to make recovery more efficient, transparent and technology-led while helping lenders expand access to credit without compromising portfolio quality," said Rishav Dokania, co-founder and chief executive.

The startup, founded by Dokania, Arpit Bajpai, Ishan Sharma and Kishor Chabbadiya in 2022, helps lenders to automate and improve their collection rates.

RevRag AI

RevRag AI, an AI agent platform for the banking, financial services, and insurance (BFSI) sector, has raised $2.5 million (about Rs 24 crore) in a seed round led by Accion Ventures.

Cedar Hill Capital, Wyser, and Venture Catalysts also participated in the round, the startup said in a statement.

The startup will use the capital to fund product development, enterprise deployments and expansion into the US.

RevRag AI builds multilingual AI agents for banks, non-bank lenders, fintech and insurtech companies that act as relationship managers for their customers. Customers can plug these agents directly into their workflows to run digital onboarding, sales and support, helping companies cut drop-offs and grow revenue at lower cost.

The Stack

The Stack, a supplements brand, has raised Rs 21.5 crore in a funding round co-led by homegrown firms Sauce.VC, OTP Ventures and Huddle Ventures.

The brand, founded by Shreya Jain and Kshitij Rihal, currently sells five products targeting sleep, gut and functional health. The company will use the funds to grow its team, invest in research and development, and expand its product portfolio.

Foundry

Foundry, a consumer technology company developing premium home appliances, has secured Rs 12 crore in pre-seed equity funding, led by BEENEXT and Kettleborough VC.

Rishubh Satiya of Plix, Anindita Sampath of Yogabar, and Anita Pramoda of Owned Outcomes also participated in the round.

Foundry was set up by Ankit Jain, former managing director at Dyson India. Its first product range will focus on the kitchen, with plans to expand into other areas of the home. It will use the capital for development of Foundry's proprietary, patent-pending technology and its product range.

As You Asked

As You Asked, a nutrition brand, has secured Rs 45 lakh in a pre-seed funding round backed by ISB D-Labs and angel investors.

The brand, founded by Nehal Sharma, is focused on the everyday nutritional needs of children. It is developing nutrition products for children aged two to 12 years, including daily nutrition powders, and hydration powders. It will use the funds for its market launch, product development, manufacturing, and distribution.

Published by HT Digital Content Services with permission from VC Circle.